Government under pressure to support buy-to-let sector
The Intermediary Mortgage Lenders Association has warned that the government must support buy-to-let borrowers.
The IMLA warned that buy-to-let mortgage holders will be hardest hit in the housing price crash.
Executive director of the IMLA Peter Williams said:
“Currently, broker-facing lenders who traditionally serve the buy-to-let market are being frozen out by the government.
“Without support helping lenders to free up cash, the buy-to-let market will suffer further retrenchment.”
